{"id":31487,"date":"2012-09-25T09:39:45","date_gmt":"2012-09-25T13:39:45","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=31487"},"modified":"2012-09-25T09:40:00","modified_gmt":"2012-09-25T13:40:00","slug":"mitt-romney-2011-tax-returns-reveal-no-hedge-fund-secrets","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/09\/2012\/mitt-romney-2011-tax-returns-reveal-no-hedge-fund-secrets.html","title":{"rendered":"Mitt Romney 2011 Tax Returns Reveal No Hedge Fund Secrets"},"content":{"rendered":"

\"\"<\/a>New York (HedgeCo.Net) – After months of debate as to what is in Republican Presidential Candidate Mitt Romney’s 2011 tax returns, they were made public on the campaign website. Expecting a bevy of hedge fund secrets, journalists and blogers were disappointed with the fact that the returns showed nothing out of the ordinary.<\/p>\n

The hedge fund<\/a> giant who made his fortune with Bain Capital, paid a 14.1% in taxes. Also disclosed was that the Romney’s donated about $4 million to charity in 2011.<\/p>\n

The Romney’s voluntarily took a smaller deduction than he was entitled to for his charitable deductions. This was so that he could stay above the 13% point that he stated earlier. The Caucus blog at NYTimes.com<\/a> reports that it’s possible for Mitt Romney to claim those deductions in future years.<\/p>\n

The campaign website also released a letter from Mitt Romney’s tax preparer<\/a>, Price Waterhouse Cooper, which summarized Mitt Romney’s tax returns from 1990 – 2009. This document shows that Mitt Romney’s lowest tax rate was 13.99% with his average “effective federal personal income tax rate” at 20.20%.<\/p>\n

Over the weekend, the late night TV shows used the new information as fodder for their routines. Seth Meyers equated Mitt Romney’s 2011 tax rate “just a little less than what restaurants add on for a party of six or more.” asked why he paid so little taxes, he responded “He claimed 47% of Americans as dependents.” An allusion to the 47% of americans that the presidential candidate defined as “dependent on government” in leaked tapes of a fundraiser in Boca.<\/p>\n

While the campaign is touting these disclosures as a way to end the discussion on Mitt Romney’s tax returns, many are wondering what is being left out. <\/p>\n

The President Obama’s campaign refused to accept this disclosure and in a new campaign ad released in Ohio which states “Maybe instead of attacking others on taxes, he should come clean on his.” <\/p>\n

Aaron Wormus
\nWriter \u2013 HedgeCo.net
\nHedgeCo.Net<\/a> is a premier hedge fund database<\/a> and community for qualified and accredited investors only. Membership in HedgeCo.net<\/a> is FREE and EASY. We also offer FREE LISTINGS for Hedge Funds!<\/p>\n","protected":false},"excerpt":{"rendered":"

New York (HedgeCo.Net) – After months of debate as to what is in Republican Presidential Candidate Mitt Romney’s 2011 tax returns, they were made public on the campaign website. Expecting a bevy of hedge fund secrets, journalists and blogers were […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16044,3],"tags":[],"class_list":["post-31487","post","type-post","status-publish","format-standard","hentry","category-hedge-fund-strategies-2","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/31487","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=31487"}],"version-history":[{"count":6,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/31487\/revisions"}],"predecessor-version":[{"id":31533,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/31487\/revisions\/31533"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=31487"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=31487"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=31487"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}